GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CICT Mobile Communication Technology Co Ltd (SHSE:688387) » Definitions » Accounts Receivable

CICT Mobile Communication Technology Co (SHSE:688387) Accounts Receivable : ¥5,472 Mil (As of Mar. 2024)


View and export this data going back to 2022. Start your Free Trial

What is CICT Mobile Communication Technology Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CICT Mobile Communication Technology Co's accounts receivables for the quarter that ended in Mar. 2024 was ¥5,472 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CICT Mobile Communication Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 515.31.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CICT Mobile Communication Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ¥0.66.


CICT Mobile Communication Technology Co Accounts Receivable Historical Data

The historical data trend for CICT Mobile Communication Technology Co's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CICT Mobile Communication Technology Co Accounts Receivable Chart

CICT Mobile Communication Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accounts Receivable
Get a 7-Day Free Trial 3,659.90 3,680.64 4,319.38 4,631.19 5,473.70

CICT Mobile Communication Technology Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accounts Receivable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,464.98 4,989.95 5,331.20 5,473.70 5,472.30

CICT Mobile Communication Technology Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


CICT Mobile Communication Technology Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

CICT Mobile Communication Technology Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5472.3/969.025*91
=515.31

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), CICT Mobile Communication Technology Co's accounts receivable are only considered to be worth 75% of book value:

CICT Mobile Communication Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4370.117+0.75 * 5472.3+0.5 * 2108.131-7163.088
-0-93.911)/3418.75
=0.66

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


CICT Mobile Communication Technology Co Accounts Receivable Related Terms

Thank you for viewing the detailed overview of CICT Mobile Communication Technology Co's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.


CICT Mobile Communication Technology Co (SHSE:688387) Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Post University Road, East Lake New Technology Development Zone, Hubei Province, Wuhan, CHN, 430074
CICT Mobile Communication Technology Co Ltd is engaged in the development, application and service of mobile communication technology.
Executives
Li Bing Cheng Director

CICT Mobile Communication Technology Co (SHSE:688387) Headlines

No Headlines